Friday, September 11, 2009

World must help China shift to clean growth: [Lord] Stern

"The [capitalists] will furnish credits which will serve us for the support of the Communist Party in their countries and, by supplying us materials and technical equipment which we lack, will restore our military industry necessary for our furore attacks against our suppliers."-Vladimir Ilyich Lenin

That's the actual quote, not the spurious "We will hang you...and you will sell us the rope".Khrushchev really said "Whether you like it or not, history is on our side. We will dig you in" not "We will bury you"In a related quote, Karl Marx did say “The last capitalist we hang shall be the one who sold us the rope.”

You get the point.[what? that you're obsessive about accurate quotations? -ed]We've got some Lord Stern quotes below the headline story. From Reuters:

China will have to retool its engines of economic growth to help the world avoid increasingly dangerous levels of greenhouse gas emissions in coming decades, a leading expert on the economic impact of climate change said.

Nicholas Stern, formerly a British Treasury official and World Bank chief economist, told a meeting in Beijing on Friday that transformation would rest on rich countries leading the way by cutting their own emissions and helping poor nations, including China, now the world's biggest emitter.

With the right technological and funding support, China and other big emerging economies could manage the transition to low-emissions growth, said Stern, author of a 2006 report for the British government on the economics of climate change....MORE

Lord Stern is Vice-Chairman of IDEAGlobal, parent of carbon financier/advisor IDEACarbon. Here are a couple of my favorite quotes:

That's Nicholas Stern talking. I'm curious how my florescent green venture capitalist friends will react.For the most part they were okey-dokey with Sir Nick when he was downplaying the costs of mitigation.*...